Barnes and Noble has Lost Over 1 Billion Dollars on Nook
(maybe this thread inspire that article?)
Barnes and Noble is quite transparent when it comes to their financial earnings and hold nothing back from investor calls and their reporting. Normally, their end of the year reports come out every April and there is some bleak news. In 2011 the company lost 209 million, in 2012 they lost 261 million and in 2013 they increased the losses to 475 million. If we look at the quarter ending on July 27, 2013 they reported loses of 55 million and October 26, 2013 NOOK lost 45 million. If you add all of these figures together it comes to over 1 billion dollars.
It is painfully obvious that Barnes and Noble was making too many units and not selling enough. This resulted in dramatic price drops just to move the inventory. The executives are firmly to blame with none of their e-readers sold nearly as much as the Nook Color, their first tablet and their first/second generation e-ink display with a color LCD on the bottom.
Though their reporting is off.
Year ending April 30 2010 NOOK EBITA: ?
Year ending April 30 2011 NOOK EBITA: (209 million USD)
Year ending April 30 2012 NOOK EBITA: (261 million USD)
Year ending April 30 2013 NOOK EBITA: (475 million USD)
Quarter ending on July 27, 2013 NOOK EBITA: (55 million USD)
Quarter ending on October 26, 2013 NOOK EBITA (45 million USD)